ARTICLE
4 July 2025

Legacy Management – Creating Tailwinds For The Successful Family (Podcast)

B
BakerHostetler

Contributor

Recognized as one of the top firms for client service, BakerHostetler is a leading national law firm that helps clients around the world address their most complex and critical business and regulatory issues. With five core national practice groups — Business, Labor and Employment, Intellectual Property, Litigation, and Tax — the firm has more than 970 lawyers located in 14 offices coast to coast. BakerHostetler is widely regarded as having one of the country’s top 10 tax practices, a nationally recognized litigation practice, an award-winning data privacy practice and an industry-leading business practice. The firm is also recognized internationally for its groundbreaking work recovering more than $13 billion in the Madoff Recovery Initiative, representing the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. Visit bakerlaw.com
Partner Jon Forster and Of Counsel John DeStefano will discuss legacy management and how to optimize client outcomes for successful families by using artificial intelligence...
United States Family and Matrimonial

Partner Jon Forster and Of Counsel John DeStefano will discuss legacy management and how to optimize client outcomes for successful families by using artificial intelligence and BakerHostetler's fintech application, FinClar. The discussion includes real-world examples and success stories of how FinClar enabled families by democratizing data for family use, improving advisor collaboration, promoting clear decision-making and reducing long-term costs. They will also share how tech can foster family communication to ensure that the next generation is best positioned to steward family resources into the future.

Key Takeaways:

  • Increase portfolio alpha by finding the untapped value of legacy management.
  • Improve clarity in decision-making by offering digestible data to stakeholders.
  • Increase efficiency in implementation and ongoing plan maintenance.
  • Minimize postmortem administration delays and costs.
  • Equip the next generation to understand and manage the family legacy.
  • Unite financial, legal and tax advisors to form a collaborative ensemble.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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